Forums > General Discussions > What are the main advantages of using a PAN card?
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Age: 33 Male
191 days old here
Total Posts: 1
Points : 10

Bangalore, India

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Subject : What are the main advantages of using a PAN card?
The primary purpose of PAN card is to bring a universal identification to all financial transactions and to prevent Tax evasion by keeping track of monetary transactions of high net worth individuals.PAN card has many advantages.It carries photograph,name and address of a person.Hence it serves as a nationally accepted proof of identity.The PAN number is unique to every PAN card holder,The name and address in it may change,the card may get lost or stolen,but the PAN number will remain unchanged.So the possibility of misuse is rare. It is extremely important as it is mandatory for the purpose of financial transactions.It is used for bank account opening,receipt of professional fees or taxable salary,and purchase of assets etc.Today pan card online application is easy.It can be easily done in a short time.Sine it is important for most of the financial transactions,it is better to get it soon.

Posted on December, 15 2018 12:17:49 PM

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